Carbon Pulse

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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 33 min 6 sec ago

Tropical forests shrank 10% globally in 2022, last year of Bolsonaro’s Brazil presidency

Tue, 2023-06-27 16:00
Fewer trees were lost worldwide in 2022 than a year earlier, according to a report published Tuesday, but only because Russia avoided a repeat of its terrible wildfires while there was still a rise in the loss of  tropical forests in what was Brazilian far-right president Jair Bolsonaro’s final year in office.
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Australia Market Roundup: CSIRO launches soil database, more HIR projects credited

Tue, 2023-06-27 14:03
Australia’s peak scientific body has launched a new tool for farmers and land managers to analyse and compare different soil types across the country, as the Clean Energy Regulator credits more human-induced regeneration projects.
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US EPA working with partners to develop new global carbon market methodology for clean cookstove projects

Tue, 2023-06-27 12:50
The US Environmental Protection Agency (EPA) is working with several international organisations to develop a new global methodology for clean cookstoves, in an effort to strengthen that beleaguered segment of the voluntary carbon market.
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Senior Scientist, Global Methane, EDF – Various Locations (US)

Tue, 2023-06-27 08:57
The Senior Scientist, Global Methane will play a key role in leading, coordinating, and supporting science projects related to methane emissions from fossil fuels (i.e., oil, gas and coal). Minimizing methane emissions from fossil fuels is a core part of EDF’s energy and climate work.
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Carbon Project Development Manager (Forestry), International Consultancy – London/Paris

Tue, 2023-06-27 08:00
An international climate consultancy and developer is seeking a Carbon Project Development Manager (Forestry) to join their experienced team. The ideal candidate will have experience in forestry project development, carbon methodologies, and offsetting. They will be responsible for managing a team of project development consultants, evaluating project development opportunities, and securing a pipeline of in-house forestry-certified projects.
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EU ETS should be “centrepiece” of bloc’s 2040 climate efforts -consultation

Tue, 2023-06-27 07:54
The EU ETS should be a climate policy "centrepiece" in the next decade as the bloc strives to make major strides towards reaching net zero emissions, according to respondents to a consultation on what the bloc's 2040 climate target should be.
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Washington state previews rulemaking to cover imported power in carbon market

Tue, 2023-06-27 07:52
The Washington Department of Ecology (ECY) on Monday announced a rulemaking to ensure certain electricity importers are assigned a compliance obligation under the state’s WCI-modelled cap-and-invest programme.
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California gasoline, diesel consumption trend down during March

Tue, 2023-06-27 07:11
California gasoline and diesel sales continued to lag year-ago levels during March, causing estimated Q1 cap-and-trade covered emissions to deviate further below 2022 totals, according to state data published Friday.
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RGGI Market: Warmer forecasts for US Northeast spur RGAs higher

Tue, 2023-06-27 07:00
RGGI Allowance (RGA) values reversed course and lifted higher week-over-week for the first time in a month, with warmer July temperatures forecast for the Northeast region.
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California power emissions continue decline through May on hydro boom

Tue, 2023-06-27 06:42
California electricity sector CO2 output dove considerably over the first two months of the second quarter as wet weather took a sizable bite out of natural gas usage and crashed imported volumes, data published Friday showed.
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VCM Report: Carbon credit prices drift sideways as retirement levels slip lower

Tue, 2023-06-27 06:29
Avoidance credit prices were little changed over the past week amid a slowdown in retirements, while confidence was knocked after Verra suspended the further issuance of credits from a well-known REDD avoided deforestation project following comments during a public consultation.
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South Pole veteran joins French utility as environmental product head, global asset manager hires North American carbon trader

Tue, 2023-06-27 06:24
A long-time employee of climate consultancy South Pole on Monday joined the trading arm of a French power company, while a seasoned North America-based carbon trader started at a London-headquartered investment manager, Carbon Pulse has learned.
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Environmental trust, big insurer team up to restore UK saltmarshes

Tue, 2023-06-27 03:39
An environmental trust and a large insurance company have partnered in a landmark project to restore saltmarshes across the UK, aiming to leverage the natural climate-fighting capacities of these wetlands.
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Halving global shipping’s emissions by 2030 would not impact trade -study

Tue, 2023-06-27 03:32
Halving global shipping’s greenhouse gas emissions by 2030 would not impact global trade, according to an NGO-commissioned report published on Monday as government negotiators arrive in London for talks on revising the sector's climate goals.
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EU auditors warn that lack of data puts 2030 climate target under threat

Tue, 2023-06-27 02:58
A lack of data and transparency on member state climate policies and actions could hinder progress in hitting the EU's 2030 emissions reduction target, the bloc's financial watchdog warned on Monday as a new EU climate observatory is set up that could help monitor progress.
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Bioenergy no better than fossil fuels without carbon price in place, say researchers

Tue, 2023-06-27 02:01
Researchers have cautioned that soaring demand growth for bioenergy must fall under a carbon pricing system to ensure protection of forests and other land, else the fuel risks emissions factors even higher than some fossil fuels.
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Nature initiative targets eight sectors for action, outlines investor expectations

Tue, 2023-06-27 01:38
The Nature Action 100 institutional investor initiative on Monday identified eight sectors it will engage with on nature and biodiversity and released a list of actions it expects corporations in those industry to take.
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Euro Markets: Midday Update

Mon, 2023-06-26 21:40
European carbon prices shrugged off an early jump and resumed their weaker trajectory on Monday morning as most markets absorbed the weekend news from Russia and pared early gains.
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Japan kicks off Asian zero carbon initiative

Mon, 2023-06-26 21:19
Japan over the weekend held the first meeting for senior officials under the Asia Zero Emission Community (AZEC), a regional initiative to decarbonise the region where it intends to use the Joint Crediting Mechanism (JCM) to drive hydrogen, ammonia, and carbon capture and storage (CCS) developments.
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UK intends to build removals business case with carbon market integration in focus

Mon, 2023-06-26 20:50
The British government will prioritise the integration of removals into both its domestic Emissions Trading Scheme as well as international carbon markets when developing a business model for scaling such technologies, it said in a published consultation response on Monday.
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